There would likely be chip damage as the pinouts for power, ground and signaling are not the same, and therefore the mobo would likely try sending voltage across a signal pin and may try to ground out pins that should not be. It could also very easily damage the motherboard as the internal wiring of the chip may relay power (if one pin that carries power is, in fact, in the same spot) to unpowered lines on the chipset.
At any rate, no... if it's not designed for a specific socket type, don't put that chip in it. :-)
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